Question 11 Poloskie Manufacturing Inc. has provided you with the following CVP income statement. Sales (1,000 units) $700,000 Variable costs: Cost of goods sold 316,000 Selling expenses 57,000 Administrative expenses 47,000 Contribution margin 280,000 Fixed costs: Cost of goods sold 98,000 Selling expenses 40,000 Administrative expenses 22,000 Operating income $120,000 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Contribution margin ratio % LINK TO TEXT Calculate the break-even point in sales dollars and number of units. (Round answers to 0 decimal places, e.g. 1,525.) In dollars In units Break-even point $